Friends & Family Inc

Analysis

Friends & Family Inc is a registered charity in United States, based in Romeo, MI. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends & Family Inc reported income of $8.0m and spending of $7.2m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.9m to $8.0m (+37%), an average of +8.2% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends & Family Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Young Mens Christian Assoc & Womans Community Center of Rome New York ($8.0m), Indian Board of Education for the Pierre Indian School ($8.0m) and The Illinois Center for Autism ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $199k (2.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $6.4m against liabilities of $1.0m, net assets of $5.4m. It reported 128 employees.